Chapter 11, Chapter 7 or Chapter 13: The story of bankruptcy

Congress is currently debating the possibility of bankruptcy reform, a measure that may come too late to save companies such as GM, but what about the little guy who is being crushed by personal debt? Does the legal insulation meant to protect the American worker still function in this economic climate? Does filing for bankruptcy in our current economy offer relief? Alvin Hall joins Adaora and Todd with some advice that might make you pause before considering declaring bankruptcy.

"People always talk about when the revolution comes, this may be the year that the revolution comes in credit cards." — Alvin Hall on the rise in bankruptcy filings and the need for personal economic reform